LCI Industries has announced that, effective Jan. 1, 2020, Furrion will take over the sale and distribution of Furrion products previously handled by LCI.
LCI and Furrion have enjoyed a successful four-year partnership providing Furrion appliances and electronic products to OEMs and aftermarket customers throughout the U.S. and Canada, according to the company. While the businesses will continue to explore opportunities to work together, with the potential impact of expanded tariffs, LCI and Furrion have decided that it is in the best interests of their customers that Furrion will distribute its products directly to the customer and assume all responsibilities previously carried out by LCI relating to Furrion products.
Both parties have been working together to achieve this goal and will continue to do so in order to ensure a seamless transition. This transition includes an option for Furrion to lease LCI’s warehouse and related equipment after Jan. 1, 2020.
“This transition, and the added ability for LCI and Furrion to pursue tailored strategies separately and more effectively given significant changes in global trade, will allow LCI to focus on strategic acquisitions and product development to meet the evolving needs of our customers,” Jason Lippert, CEO and president of LCI. “LCI values the strong relationships it has with its customers and will continue its mission of providing each customer with innovative product solutions.”
“I would like to thank Jason and his team for their partnership over the last four years,” said Aaron Fidler, CEO and president of Furrion. “During that time, we have built up a team of over 200 people spread over R&D, engineering, and industrial design globally, all dedicated to developing new and innovative products for the RV/marine and specialty industry markets. With a runway of over 87 products due to be launched over the next 12 months and expanding significantly over the next five years, we look forward to working directly with the OEM and the aftermarket dealers to ensure that the end user is getting cutting edge, reliable technology at a market leading price.”
